by AIP Online Bureau | Jun 26, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology
The draft cyber security rules published on June 24 proposed to create a new platform for phone number validation and also includes those entities that use phone numbers to identify customers like banks using phone numbers for UPI transactions New Delhi:The Department...
by AIP Online Bureau | Jun 22, 2025 | Banking & Bancassurance, Indian News, Regulation, Risk Management, Technology
The proposed platform seeks to bolster fraud risk management by facilitating real-time intelligence sharing and gathering, thereby preventing fraudulent digital transactions, sources said. New Delhi: In a bid to rein in the increasing incidence of digital payment...
by AIP Online Bureau | Dec 27, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Technology
The RBI said frauds present multiple challenges for the financial system in the form of reputational risk, operational risk, business risk and erosion of customer confidence with financial stability implications Mumbai: The number of bank frauds witnessed a...
by AIP Online Bureau | May 2, 2024 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology
Sanjay Malhotra,Revenue Secretary, Ministry of Finance The meeting is also scheduled to discuss ways to reach out to the mastermind of GST fraud by following the money trail, sources added. To identify risky taxpayers suspected of passing or availing fake ITC, tax...
by AIP Online Bureau | Feb 3, 2024 | Banking & Bancassurance, Indian News, Regulation, Risk Management, Technology
In case of financial cyber frauds, members of public should immediately lodge a complaint on the National Cyber Crime Reporting Portal (www.cybercrime.gov.in) or through cybercrime helpline (1930) Mumbai: In the wake of continuing incidents/ reports of customers...
